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Accounting issues and trends that impact your business.
Businesses today face an ever-expanding range of accounting issues in additional to the monitoring changes in international financial reporting standards (IFRS). BDO continually explores the Australian financial reporting landscape to identify those that matter most. We’ve compiled these resources based on our findings to help you learn more about key accounting and regulatory changes, and how they may affect your business or industry.
Accounting for research and development incentives
Accounting for refundable research and development incentives
GPFS for country by country reporting entities
Implications of expanded significant global entity (SGE) definition – introducing the concept of a notional listed consolidated group
Recent ASIC media releases – Focus areas under COVID-19 and results of December 2019 financial reporting surveillance
Reporting deadlines for unlisted entities – ASIC gives one month COVID-19 extensions for balance dates ending 31 December 2019 to 31 March 2020
New Conceptual Framework
Four key focus areas for NFPs at June 2020
What can NFPs gain from Government stimulus packages?
NFPs – Grants to NFPs to transfer research findings to a customer – Timing of revenue recognition revisited
AASB defers requirements for NFP lessees to fair value peppercorn leases
Application date of AASB 1059 Service Concession Arrangements: Grantors delayed until 2020
How will the new revenue standard (AASB 15) impact NFPs?
Special purpose financial statements
It's final – From 2022, special purpose financial statements will be history, and RDR replaced by Simplified Disclosures
Underpayment of employee remuneration/entitlements
22 October 2020
22 September 2020
24 August 2020
27 July 2020
25 June 2020
17 June 2020
27 May 2020